2017-10-19T18:07:51-05:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP 20 E THOMAS RD STE 2300 PHOENIX AZ 85012 990 2016-01-01 860108770 ONEAZ CREDIT UNION ONEA 6024674088 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 MICHAEL BODEN SENIOR VP,CONTROLLER 6024674088 2017-10-09 1 ANNE B DAVISON P00944246 6022662248 67.137.57.251 2017-10-09 10:28:49 US P E9F310E552A983DEE0D16D26B85D24D51800DFDA 35F41C2094D8AAB3CDBE7DEDC6079AAEAA2AE035 2016 2021-01-29 14:40:06Z MICHAEL BODEN 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 218989450 0 X WWW.AZSTCU.ORG X 1951 AZ TO PROVIDE OUR MEMBERS WITH RESPONSIVE SERVICE, CONVENIENT ACCESS, CONSUMER EDUCATION AND VALUE-ADDED FINANCIAL RELATED PRODUCTS AND SERVICES. 9 9 629 14 88686 -147328 0 0 78401847 80758352 7849677 8865598 0 0 86251524 89623950 0 0 0 4885418 34202752 37220191 0 0 0 33589704 36279632 67792456 78385241 18459068 11238709 1788429012 1908566810 1621632883 1730437397 166796129 178129413 CREDIT UNION PROVIDING FINANCIAL SERVICES TO MEMBERS IN ARIZONA. 0 0 THE CREDIT UNION PROVIDES DRAFT AND SHARE ACCOUNTS, CONSUMER LOANS, SHARE CERTIFICATES AND OTHER EXEMPT FUNCTION ACTIVITIES TO ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 26090 0 1 629 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 1 0 1 1 1 1 1 1 1 1 0 AZ X MIKE BODEN 6024674094 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 CONNIE OHANESIAN DIRECTOR 2.00 X 0 0 0 FRANK FELIX DIRECTOR 2.00 X 0 0 0 JON BORGE TREASURER 2.00 X 0 0 0 JOSEPH SMITH DIRECTOR 2.00 X 0 0 0 MARQUETTA WHITE DIRECTOR 2.00 X 0 0 0 MARTHA ROZEN SECRETARY 2.00 X 0 0 0 RAY O'CONNOR DIRECTOR 2.00 X 0 0 0 SAM WHEELER CHAIRMAN 2.00 X 0 0 0 SHANE SIREN VICE CHAIRMAN 2.00 X 0 0 0 DAVE DOSS CEO PRESIDENT 40.00 X 848128 0 291071 MICHAEL EMANUELLI EVP CHIEF ADMINISTRATION O 40.00 X 293381 0 96782 DEBORAH PEARSON SVP STRATEGY & BRAND 40.00 X 265026 0 84540 KIM REEDY EVP CHIEF FINANCIAL OFFICE 40.00 X 440954 0 132740 DAVID G SWEIDERK EVP CHIEF OPERATING OFFICE 40.00 X 441143 0 137835 SASSAN AZHADI SVP CHIEF INFORMATION OFFI 40.00 X 251397 0 52071 MICHAEL BODEN VP CONTROLLER 40.00 X 192088 0 46288 ROBERT GIBBONI JR SVP RISK MANAGEMENT 40.00 X 179115 0 40759 BRIAN JOHNSON SVP BUSINESS INTELLIGENCE/ 40.00 X 201827 0 50569 BRYAN NIELSEN SVP SUPPORT SERVICES 40.00 X 232918 0 48355 THOMAS WILSON SVP BUSINESS ANALYTICS 40.00 X 162622 0 33088 RANDON CUPP NORTHERN REGIONAL PRESIDEN 40.00 X 215988 0 26350 REBEKAH MORALES CENTRAL REGIONAL PRESIDENT 40.00 X 200369 0 18304 AUDRA FUNK ASST DIRECTOR MORTGAGE LOANS 40.00 X 193871 0 13134 JORGE SANDOVAL MORTGAGE ORIGINATION SUPER 40.00 X 184366 0 22530 JAMES MATHIASCH MORTGAGE ORIGINATOR PROGRAM DIRECTOR 40.00 X 196300 0 10420 DAVID DOWNING EVP MEMBER SOLUTIONS 40.00 X 330089 0 20765 4829582 0 1125601 60 1 1 0 DBSI INC 6950 W MORELOS PL CHANDLER AZ 85226 BUSINESS DEVELOPMENT SERVICES 4404624 THE CRAMER-KRASSELT CO 225 N MICHIGAN AVE CHICAGO IL 60601 ADVERTISING SERVICES 2710698 PSCU 560 CARILLON PKWY ST PETERSBURG FL 33716 CREDIT & DEBIT CARD PROCESSING 2484915 DIGITAL INSIGHT CORPORATION PO BOX 740641 LOS ANGELES CA 90074 MOBILE BANKING SUPPORT 1519373 FISERV 255 FISERV DRIVE BROOKFIELD WI 53045 SOFTWARE SYSTEMS SERVICES 820356 69 PROGRAM SERVICE REVENUE 522100 80669666 80669666 UNRELATED BUSINESS INCOME 900099 88686 88686 80758352 8650689 8650689 127403074 2177335 126455865 2909635 947209 -732300 214909 214909 89623950 80669666 88686 8865598 4885418 5955186 23345311 2612321 3250179 2057194 576095 156761 881225 4172547 1410621 3503155 1334194 1021063 3902956 OTHER OPERATING EXPENSE 17237685 PROVISION FOR LOAN LOSS 2083330 78385241 131342302 115195599 1077983227 1256473397 84601698 28352609 49775548 56249089 482174898 430707848 47153037 49940877 1788429012 1908566810 13817338 15780515 115000000 124500000 1492815545 1590156882 1621632883 1730437397 X 0 0 0 0 166796129 178129413 166796129 178129413 1788429012 1908566810 X 11238709 94575 X X 0 1 X 1 0 22121202 22121202 36031810 11579923 24451887 3008006 1942432 1065574 23440680 14830254 8610426 56249089 INVESTMENT SECURITIES - AVAILABLE F 402300162 F INVESTMENT SECURITIES - OTHER INVES 19793986 F FEDERAL HOME LOAN BANK STOCK 8613700 F 430707848 MEMBERS' SHARE AND SAVINGS ACCOUNTS 1585754544 PENSION PLAN VALUATION 4402338 1590156882 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE 501(C)(14) FROM FEDERAL AND STATE INCOME TAXES. CERTAIN PRODUCTS AND SERVICES PROVIDED BY SELECT STATE CHARTERED CREDIT UNIONS HAVE BEEN DEEMED BY THE INTERNAL REVENUE SERVICE (IRS), IN TECHNICAL ADVICE MEMORANDUMS (TAMS) RELEASED IN 2007, TO BE UNRELATED TO THE SPECIFIC ENTITY'S EXEMPT PURPOSE. AS PRESENTED IN THE TECHNICAL ADVICE MEMORANDUMS THE NET TAXABLE INCOME FROM THESE PRODUCTS AND SERVICES WOULD BE SUBJECT TO INCOME TAXES. CREDIT UNIONS HAVE LITIGATED AGAINST THE IRS POSITIONS NOTED IN THE TAMS AND HAVE BEEN SUCCESSFUL IN HAVING COURTS DECLARE IN 2009 AND 2010 THAT REVENUE FROM INSURANCE PRODUCTS SOLD TO MEMBERS, HELPING THEM PROTECT THEIR FINANCIAL WELLBEING, QUALIFIES AS EXEMPT PURPOSE INCOME, CONTRARY TO THE IRS POSITION IN THE TAMS. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES THEY HAVE DEEMED TAXABLE RESULTING IN NO TAXES PAID FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2016 AND 2015. THE CREDIT UNION'S 2013 THROUGH 2015 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. X 1 1 X X X X X 1 1 0 DAVE DOSS CEO PRESIDENT 574934 0 273194 0 0 0 269559 0 21512 0 1139199 0 0 0 MICHAEL EMANUELLI EVP CHIEF ADMINISTRATION O 233108 0 60273 0 0 0 80717 0 16065 0 390163 0 0 0 DEBORAH PEARSON SVP STRATEGY & BRAND 213445 0 51581 0 0 0 73329 0 11211 0 349566 0 0 0 KIM REEDY EVP CHIEF FINANCIAL OFFICE 315551 0 125403 0 0 0 117723 0 15017 0 573694 0 0 0 DAVID G SWEIDERK EVP CHIEF OPERATING OFFICE 332731 0 108412 0 0 0 119634 0 18201 0 578978 0 0 0 SASSAN AZHADI SVP CHIEF INFORMATION OFFI 219933 0 31464 0 0 0 40757 0 11314 0 303468 0 0 0 MICHAEL BODEN VP CONTROLLER 173005 0 19083 0 0 0 26993 0 19295 0 238376 0 0 0 ROBERT GIBBONI JR SVP RISK MANAGEMENT 155328 0 23787 0 0 0 26214 0 14545 0 219874 0 0 0 BRIAN JOHNSON SVP BUSINESS INTELLIGENCE/ 175798 0 26029 0 0 0 34945 0 15624 0 252396 0 0 0 BRYAN NIELSEN SVP SUPPORT SERVICES 200555 0 32363 0 0 0 37508 0 10847 0 281273 0 0 0 THOMAS WILSON SVP BUSINESS ANALYTICS 159380 0 3242 0 0 0 26688 0 6400 0 195710 0 0 0 RANDON CUPP NORTHERN REGIONAL PRESIDEN 158988 0 57000 0 0 0 10887 0 15463 0 242338 0 0 0 REBEKAH MORALES CENTRAL REGIONAL PRESIDENT 117939 0 82430 0 0 0 6925 0 11379 0 218673 0 0 0 AUDRA FUNK ASST DIRECTOR MORTGAGE LOANS 56206 0 137665 0 0 0 1119 0 12015 0 207005 0 0 0 JORGE SANDOVAL MORTGAGE ORIGINATION SUPER 52493 0 131873 0 0 0 5054 0 17476 0 206896 0 0 0 JAMES MATHIASCH MORTGAGE ORIGINATOR PROGRAM DIRECTOR 88785 0 107515 0 0 0 9804 0 616 0 206720 0 0 0 DAVID DOWNING EVP MEMBER SOLUTIONS 91946 0 62230 0 175913 0 18862 0 1903 0 350854 0 0 0 PART I, LINES 4A-B DAVID DOWNING SEVERANCE PAYMENT - $175,913 DAVE DOSS DEFERRED CONTRIBUTION 457B - $18,000 TOM WILSON DEFERRED CONTRIBUTION 457B - $18,000 BRIAN JOHNSON DEFERRED CONTRIBUTION 457B - $9,133 ROBERT GIBBONI JR. DEFERRED CONTRIBUTION 457B - $16,146 MICHAEL BODEN DEFERRED CONTRIBUTION 457B - $5,368 DAVID DOSS 457(F) CONTRIBUTIONS - $262,934 DAVID SWEIDERK 457 (F) CONTRIBUTIONS - $112,589 RICHARD REEDY 457 (F) CONTRIBUTIONS - $110,888 DAVID DOWNING 457 (F) CONTRIBUIONS - $15,719 MICHAEL EMANUELLI 457 (F) CONTRIBUTIONS - 74,323 ROBERT GIBBONI 457 (F) CONTRIBUTIONS - $21,708 BRYAN NIELSEN 457 (F) CONTRIBUTIONS - 28,275 SASSAN AZHADI 457 (F) CONTRIBUTIONS - $29,777 DEBORAH PEARSON 457 (F) CONTRIBUTIONS - 65,465 BRIAN JOHNSON 457 (F) CONTRIBUTIONS - $24,459 TOM WILSON 457 (F) CONTRIBUTIONS - 18,735 MICHAEL BODEN 457 (F) CONTRIBUTIONS - $18,047 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE PROCESS OF ELECTING THE BOARD OF DIRECTORS: NOTICE OF ANNUAL ELECTION IS COMMUNICATED TO MEMBERSHIP REQUESTING INTERESTED INDIVIDUALS SUBMIT AN APPLICATION FOR ANY OPEN DIRECTOR POSITIONS. THE BOARD APPOINTS A NOMINATING COMMITTEE WHO SCREENS AND INTERVIEWS CANDIDATES TO PLACE ON THE BALLOT. THE BALLOT IS VOTED ON BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN ORGANIZATIONAL ITEMS, SUCH AS CHARTER, CHANGE OR MERGER, ARE SUBJECT TO BOARD APPROVAL. ALSO, MEMBERSHIP CAN REQUEST A MEMBER EXPULSION BY A MAJORITY VOTE AT AN ANNUAL OR SPECIAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THIS ORGANIZING QUESTIONNAIRE IS COMPLETED BY THE ACCOUNTING MANAGER AND SVP/CONTROLLER, WHICH IS THAN FORWARDED TO CLA FOR PREPARATION OF THE FORM 990; ONCE DRAFTED, THE FORM 990 IS REVIEWED BY THE SVP/CONTROLLER AND SHARED WITH THE CHIEF FINANCIAL OFFICER AND CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION B, LINE 12C CREDIT UNION PROCEDURES REQUIRE ANNUAL, WRITTEN ACKNOWLEDGEMENT BY EACH ASSOCIATE AND VOLUNTEER DOCUMENTING THEIR UNDERSTANDING AND COMPLIANCE WITH THE CODE OF CONDUCT AND BUSINESS ETHICS POLICY. EACH ASSOCIATE MUST ALSO COMPLETE ONLINE TRAINING AND PASS AN ONLINE TEST EACH YEAR TO DEMONSTRATE THEIR UNDERSTANDING OF THESE POLICIES. FORM 990, PART VI, SECTION B, LINE 15 WE ENGAGE CREDIT UNION COMPENSATION EXPERTS TO DETERMINE SALARY RANGES AND MARKET PRICING FOR THE PHOENIX AREA FOR ALL EMPLOYEES, INCLUDING THE CEO AND EXECUTIVE OFFICERS. SALARY RANGES ARE REVIEWED EVERY YEAR TO ENSURE MARKET EQUITY IS IN LINE WITH OUR "TOTAL COMPENSATION" PHILOSOPHY. WE ALSO COMPLETE COMPENSATION SURVEYS WITH OTHER COMPENSATION ANALYSTS TO ENSURE A BROADER SAMPLING. FORM 990, PART VI, SECTION C, LINE 19 REGULATORY FINANCIAL REPORTS PROVIDED BY NCUA.GOV. WE ALSO POST A COPY OF OUR MONTHLY STATEMENT OF FINANCIAL CONDITION IN ALL OF OUR BRANCHES. FORM 990, PART XI, LINE 9: CHANGE IN UNREALIZED LOSS ON SECURITIES AVAILABLE-FOR-SALE 1,170,034. CHANGE IN UNREALIZED GAIN ON DEFINED BENEFIT PENSION PLAN ASSETS -2,624,811. AMORTIZATION OF UNREALIZED LOSS ON DEFINED BENEFIT PENSION PLAN ASSETS 1,549,349. ROUNDING 3. FORM 990, PART XII, LINE 2C: THE SUPERVISORY COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS. THERE HAS BEEN NO CHANGE IN EITHER THE OVERSIGHT PROCESS OR THE SELECTION PROCESS DURING THE TAX YEAR. FORM 990, PART VI, SECTION A, LINE 9: DAVID DOWNING LEFT THE ORGANIZATION IN 2015, CURRENT ADDRESS IS NOT AVAILABLE ARIZONA FINANCIAL NETWORK LLC 2355 W PINNACLE PEAK ROAD PHOENIX AZ 85027 481267437 INSURANCE BROKERAGE AZ 0 2500 ONEAZ CREDIT UNION ONEAZ COMMUNITY FOUNDATION INC 2355 W PINNACLE PEAK RD PHOENIX AZ 85027 461959069 PHILANTRROPIC,EDUCATIONAL,CHARITABLE ACTIVITIES AIMED AT AZ COMMUNITIES. AZ 501C3 ONEAZ CREDIT UNION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0